EU: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in the EU

In 2021, after five years of growth, there was significant decline in the EU market for smoked fish other than salmon and herring, when its value decreased by -9.3% to $X. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Smoked Fish Other than Salmon and Herring in the EU

In value terms, production of smoked fish other than salmon and herring shrank modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 11% against the previous year. As a result, production attained the peak level of $X, and then contracted slightly in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in the EU

In 2021, shipments abroad of smoked fish other than salmon and herring increased by 1.6% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 21% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring rose modestly to $X in 2021. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 30% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Poland (X tons) represented the major exporter of smoked fish other than salmon and herring, committing 38% of total exports. Denmark (X tons) ranks second in terms of the total exports with a 15% share, followed by Austria (12%), Germany (11%), the Netherlands (10%) and Lithuania (5.2%).

Exports from Poland increased at an average annual rate of +6.0% from 2012 to 2021. At the same time, Austria (+121.4%), Germany (+11.3%) and Lithuania (+7.9%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +121.4% from 2012-2021. By contrast, Denmark (-1.4%) and the Netherlands (-1.6%) illustrated a downward trend over the same period. While the share of Austria (+12 p.p.), Germany (+4.9 p.p.) and Poland (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-7.4 p.p.) and Denmark (-10 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smoked fish other than salmon and herring supplying countries in the European Union were Poland ($X), Denmark ($X) and Germany ($X), together accounting for 68% of total exports. These countries were followed by Austria, the Netherlands and Lithuania, which together accounted for a further 22%.

Austria, with a CAGR of +108.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 11% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports in the EU

In 2021, purchases abroad of smoked fish other than salmon and herring decreased by -13.2% to X tons for the first time since 2011, thus ending a nine-year rising trend. Overall, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2016 when imports increased by 23% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, imports of smoked fish other than salmon and herring fell to $X in 2021. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 27%. The level of import peaked at $X in 2020, and then declined in the following year.

Imports by Country

Germany dominates herring structure, amounting to X tons, which was approx. 61% of total imports in 2021. Austria (X tons) took a 9.3% share (based on physical terms) of total imports, which put it in second place, followed by France (6.1%). Belgium (X tons), Romania (X tons), the Czech Republic (X tons), Italy (X tons) and the Netherlands (X tons) held a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +8.1% from 2012 to 2021. At the same time, Austria (+26.7%), France (+9.6%), Romania (+9.6%), the Czech Republic (+5.3%) and Belgium (+2.0%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing importer imported in the European Union, with a CAGR of +26.7% from 2012-2021. By contrast, the Netherlands (-4.2%) and Italy (-5.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Austria and Germany increased by +7.3 and +4.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported smoked fish other than salmon and herring in the European Union, comprising 66% of total imports. The second position in the ranking was taken by Austria ($X), with an 8.8% share of total imports. It was followed by France, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +9.4%. In the other countries, the average annual rates were as follows: Austria (+23.9% per year) and France (+8.7% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 an increase of 5.2% against the previous year. The level of import peaked at $X per ton in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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